Logo of Phnom Penh Post newspaper Phnom Penh Post - PAS revenue shoots up 17.5 per cent last year

PAS revenue shoots up 17.5 per cent last year

Content image - Phnom Penh Post
The total revenue of Cambodia Securities Exchange (CSX)-listed Sihanoukville Autonomous Port (PAS) shot up by 17.5 per cent last year, indicating strong growth in its year-on-year business performance. Heng Chivoan

PAS revenue shoots up 17.5 per cent last year

The total revenue of Cambodia Securities Exchange (CSX)-listed Sihanoukville Autonomous Port (PAS) shot up by 17.5 per cent last year, indicating strong growth in its year-on-year business performance.

An annual report from the Ministry of Public Works and Transport released on Wednesday said the Port’s total revenue reached some $80 million last year, an increase of 17.5 per cent compared to some $68 million in 2018.

Jong Weon Ha, a marketing strategist and CSX’s chief operating officer said PAS’ growth will provide a positive impact to the port’s securities trading and will attract more investors.

“The positive growth of any company impacts the stock market. Investors rely on information to make decisions on the price they are willing to pay to buy or sell stocks.

“For instance, PAS’ revenue growth will provide a favourable outlook for the company and push its stock price up, thanks to increased demand,” he said.

Weon Ha said there are a number of factors that attract investors to buy PAS’s stock. One is the fact that it is a State-owned enterprise that operates the only deep-sea port in Cambodia.

Also, it is financially sound, with revenue and net profits increasing year-on-year in the last four years, plus its attractive dividend yield and favourable price trend.

“Excluding the large number of shares traded through the Negotiable Trading Method (NTM) in May, PAS’ average trading value is still considered high compared with other listed companies last year,” Weon Ha said.

The ministry’s report also said the number of containers handled at the port also increased by 17 per cent, reaching a total of 633,099 twenty-foot equivalent units (TEU) by the end of last year compared to 541,228 TEUs in 2018.

Total tonnage handled by the ports also increased by 22.6 per cent and reached more than 6.5 million tons compared to some 5.8 million tons in 2018, while the total number of vessels to call at the port rose 15.5 per cent at 1,661 units compared to 1,451 unit in 2018.

MOST VIEWED

  • Cambodia on the verge of national tragedy, WHO warns

    The World Health Organisation (WHO) in Cambodia warned that the country had reached another critical point amid a sudden, huge surge in community transmission cases and deaths. “We stand on the brink of a national tragedy because of Covid-19. Despite our best efforts, we are

  • Phnom Penh curfew starts today

    A two-week curfew from 8pm to 5am starts today in Phnom Penh, a day after a sub-decree detailing administrative measures to contain Covid-19 was issued by Prime Minister Hun Sen. “Travelling in Phnom Penh is temporally banned between 8pm and 5am,” said Phnom Penh governor

  • Phnom Penh placed in two-week lockdown

    The government has decided to place Phnom Penh in lockdown for two weeks, effective April 14 midnight through April 28, as Cambodia continues to grapple with the ongoing community outbreak of Covid-19, which has seen no sign of subsiding. According to a directive signed by Prime Minister

  • Vaccination open to foreigners in Cambodia

    The Ministry of Health on April 8 issued an announcement on Covid-19 vaccination for foreigners residing and working in Cambodia, directing the Ministry of Labour and Vocational Training and local authorities to register them. Health minister Mam Bun Heng, who is also head of the inter-ministerial

  • Cambodia gears up for muted New Year festival

    The recent curfew and restrictions imposed in the capital and other Covid-19 hotspots were intended to break the chain of transmission, Ministry of Health spokeswoman Or Vandine said as municipal and provincial authorities issued new directives banning certain activities during the upcoming Khmer New Year

  • Culture ministry: Take Tuol Sleng photos down, or else

    The Ministry of Culture and Fine Arts has told Irish photographer Matt Loughrey to take down the photos of Khmer Rouge victims at Tuol Sleng Genocidal Museum which he allegedly colourised and altered to show them smiling. The ministry said Loughrey's work is unacceptable, affecting